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were upset to lose a day's pay. >> none of us can make a living today. this is how we make our living, by pulling our freight out of here and delivering it to the customers. >> i'm losing $600. >> reporter: isaac with the port says the maritime area alone generates $8 million of economic activity per day. >> any disruption to that is a negative impact on this whole region's economy. >> reporter: he says the port is facing serious financial challenges and while they do want to continue the conversation with the union -- >> we have to address financial sustainability across the board. we have $1.3 billion in debt, $850 million in unfunded pension and capital budget needs, that's nearly $2 billion in outstanding liabilities. >> reporter: striking employees don't buy it especially after learning some port executives are under investigation for alleged improper spending. >> they want to take 15% of our wages because they say there's not enough money, yet i see they are spending money on entertainment, strip clubs and what not. we just want a fair contract. >> reporter: workers hope this s
, iowa and ohio. ♪ [ music ] >> reporter: and he is using star power to push supporters to the polls. ♪ [ music ] >> reporter: today bruce springsteen joins the president on the campaign trail. >> i get to fly around with him on the last day that i will ever campaign so that's not a bad way to end things. >> reporter: the latest polls show the white house race is tied nationally. but in the swing states, the president appears to have a slight edge. pollsters believe the president is closer to the 270 electoral votes needed to win. that means he has to capture fewer toss-up states than governor romney to take the election. the obama campaign also believes they are doing better with early voters. >> you can vote early. >> reporter: romney aides dispute that claim and say their supporters have surged to the polls. >> i need your votes. i need your help. >> reporter: an estimated four out of ten voters will have cast their ballots early but both sides are counting on a big election day turnout. they both know having the most supporters isn't enough. the campaigns say they believe the e
. >> cbs 5 reporter cate caugiran shows us the possible impact. there's still some undecided voters out there and these numbers, they could have some sway. >> reporter: that's because this is the last economic report we'll see before the election. today both candidates will use it for their campaign blitz to get those undecided voters. a sluggish economy has been a bone of contention. >> reporter: the president started his day in ohio with better-than-expected unemployment numbers. >> this morning we learned that companies hired more workers in october than at any time in the last eight months. >> reporter: employers added 171,000 new jobs in october, about 45,000 more than many analysts anticipated. the labor department says hiring over the summer was better than previously thought. despite the improvement, the president is still facing high unemployment. because more americans are trying to find work, it ticked up from 7.8 to 7.9%. that's the highest number an incumbent president has faced on election day since franklin roosevelt. mitt romney says he will do a better job if he is elec
. jason brooks with kcbs and cbsmoneywatch.com joins us now and is it all politics or is business at play as well, jason? >> reporter: we have a number of issues sinking the stock market today. it's one of the worst days for the market in 2012. there are election issues at play, as well. we have sectors that are under pressure from regulatory concerns, namely financial, also energy. but then i have healthcare sector doing well since romney won't be able to invalidate obamacare. there is the looming fiscal crisis and the partisanship that's prevailing up until this election, worries that congress and the white house won't be able to solve that looming fiscal crisis. but another big issue really sinking the market today is europe. we have a downgrade from the european union on growth prospects in europe for this year. and it's looking like the recession could last all the way through next year. you're looking at riots in greece. greece has been a big issue all the way across. we're also hearing problems that germany's economy is getting worse. germany is the economic driver in europe. this
Search Results 0 to 3 of about 4